PAR Technology Co. (NYSE:PAR) Receives $79.25 Consensus Price Target from Analysts

PAR Technology Co. (NYSE:PAR) has received an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $79.25.

Several brokerages have weighed in on PAR. Stephens boosted their price target on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, January 3rd. Craig Hallum upped their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Benchmark upped their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

PAR Technology Trading Up 1.0 %

Shares of PAR opened at $62.16 on Thursday. The stock has a fifty day moving average of $71.07 and a two-hundred day moving average of $65.40. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The company has a market capitalization of $2.41 billion, a PE ratio of -248.63 and a beta of 2.22. PAR Technology has a fifty-two week low of $37.74 and a fifty-two week high of $82.24.

Hedge Funds Weigh In On PAR Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in PAR Technology by 100.9% in the 4th quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker’s stock valued at $93,307,000 after buying an additional 644,920 shares during the last quarter. Royce & Associates LP raised its stake in shares of PAR Technology by 2.6% in the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock valued at $61,677,000 after purchasing an additional 30,000 shares in the last quarter. Bamco Inc. NY raised its stake in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after purchasing an additional 154,921 shares in the last quarter. State Street Corp raised its stake in shares of PAR Technology by 1.2% in the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after purchasing an additional 10,582 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of PAR Technology by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after purchasing an additional 81,551 shares in the last quarter.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.